Mukteshwar is attractive not just because it's beautiful, but also because you have a lot of freedom and flexibility when you own property there. Whether you want a quiet place to retire, a vacation home, or a good investment, having a holiday home in Mukteshwar means you get to enjoy a life surrounded by nature and have full control over your property.
Here's why it's becoming a popular to buy a second home in the hills:
- Perfect Serene Location 🌄: Located in the Kumaon hills, Mukteshwar offers a perfect escape from urban noise. Enjoy snow-capped Mountain views from every corner of your holiday home, enhancing your unparalleled experience. Additionally, discover cafes in close proximity serving delicious cuisines.
- Freehold Ownership ðŸ¡: Choosing Mukteshwar for your holiday home ensures freehold ownership, providing complete autonomy over both land and property—a secure investment compared to leasehold properties.
- Perfect Alternative Investment 📈: The property buying process in Uttarakhand is open to people nationwide, making it an inclusive destination for those interested in buying a second home in the hills. With Mukteshwar becoming a favoured spot for tourists seeking serenity in the beautiful hills, renting out your second home can generate an annual return of up to 6%, when not in personal use.
- Connectivity 🛣ï¸: Mukteshwar is a 5-6 hour drive from New Delhi, with Kathgodam as the nearest railway station (51 km) and Pantnagar as the closest airport (85 km). Essential services like on-call doctors, ambulances, and cabs are readily available, ensuring support in both metropolitan and hill settings.
Can people of other states buy a property in Uttarakhand?
Yes, people from other states can buy property in Uttarakhand. As per the Uttarakhand Land Reform Act of 1973, an outsider can purchase up to 250 square metres of land in Uttarakhand for residential purposes. However, this limit may vary for different categories of land such as agricultural land or commercial land.
It's important for potential buyers to research and understand the specific rules and requirements related to property ownership in Uttarakhand, including any legal or regulatory considerations that may apply to non-residents.